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For decades, the Valero refinery shaped Benicia’s economy, politics and health. Now the city has become a reluctant test case of whether an oil town can reinvent itselfLess than 40 miles north of San Francisco, the city of Benicia has the quaint ambien…
Slightly more Americans applied for unemployment benefits last week as layoffs remain at relatively healthy levels.
Despite headwinds from US tariffs and Chinese competition, the European Bank for Reconstruction and Development’s latest report shows stronger-than-expected GDP growth, particularly in sub-Saharan Africa as decelerating inflation boosts consumer spend…
Alan Milburn says people feel ‘social contract is being broken’ as number of Neets climbs to 957,000The number of young people in the UK not working or in education has risen closer to a million, figures show, as a government adviser warned that for th…
The US has lost factory jobs amid promises of a tariff-led renaissanceWorkers at Whirlpool, the US’s largest appliance manufacturer and a champion of Donald Trump’s tariff policies, are criticizing the company for cutting jobs at an Iowa plant while bo…
Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planesThe chief executive of Rolls-Royce has pressed ministers for taxpayer support for a new jet engine, on a day the company also announced recor…
Major restructure by retail technology business will lead to reduction of about 5% of global workforceBusiness live – latest updatesOcado is to cut 1,000 jobs as the retail technology business attempts to slash costs by £150m in a major restructure.Th…
Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028The beleaguered UK advertising group WPP has announced a radical restructure to counter the threat posed by the growth of artificial intelligence, in…
Airline to allow members to roll over status credits, which unlock lounge access, priority boarding and baggage allowancesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQantas is overhau…
French utility to acquire owner of electricity cables and power lines across London, south-east and east of EnglandA French utility has agreed to buy the owner of the electricity cables and power lines across London, the south-east and the east of Engl…